Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated
- Sainsbury's Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
- Significant non-compliance with post completion requirements set by Sainsbury's Bank
- Recurring delays in registering security on behalf of Sainsbury's Bank Delays or failure to register the Sainsbury's Bank charge may result in referral to external lawyers of Sainsbury's Bank to complete outstanding requirements.
- Failure to reapply to remain on the Sainsbury's Bank convincing panel
- Your law firm fails to meet the criteria to remain on the Sainsbury's Bank conveyancing panel
Common questions about Sainsbury's Bank conveyancing panel reinstatement
- Can we act for Sainsbury's Bank while the application for reinstatement on the Sainsbury's Bank panel is being reviewed? How do I discover if our reinstatement appeal to the Sainsbury's Bank panel is approved?
- Am I restricted as to the amount of times my practice can submit applications to get back on the Sainsbury's Bank conveyancing panel?
- What times frames are involved when applying to be reinstated onto the Sainsbury's Bank conveyancing panel?
- What are our options if our reinstatement panel submission with Sainsbury's Bank is rejected?
- Does my practice need to apply annually to be reinstated on the Sainsbury's Bank conveyancing panel?
Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.
Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.